Gold sector regains some of its allure

Professional Adviser
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Last year proved eventful for the gold sector, with price spikes, mega-mergers between some of the l...

Last year proved eventful for the gold sector, with price spikes, mega-mergers between some of the largest companies, thrills, spills and all the rest. The outlook for 2003 is looking equally exciting. After a strong rise in the early part of 2002, gold consolidated for much of the rest of the year, slumbering in a narrow $300-$330 trading range. The excitement that had characterised the gold share markets in the first half of the year gradually ebbed away and gold shares weakened a little, while remaining way ahead of global equity markets. However, the New Year has brought new inte...

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